Topeka Duplex with Development
837/839 SE 14th ST Topeka, KS 66607
837/839 SE 14th ST, Topeka, KS, 66607
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For Sale
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Two-unit duplex with highway access and future build potential.
Property Size1,600 SF
Price / SF$90.63
Days on Market123
Property Features for 837/839 SE 14th ST
General Information
- Standard status
- Active
- Size
- 1,600 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1962
Listing Agency
Platinum Realty LLC
Listed by
Tyler Frank · License #00237237
Source
Crexi
Added: Mar 17 Checked: Jul 17 at 4:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Platinum Realty LLC
Investment Insights
Based on property information with market context.
This duplex property features two units, each containing 2 bedrooms and 1 bath, with each unit measuring just under 800 square feet. The property is located close to highway access and includes large yard areas. The rent history shows an average of $850 per month per unit. Good parking spaces are included. The property is platted for a future build. These are the 4 duplexes on the South side of the road on 1 parcel.
Key Highlights
- Opportunity to own both sides of a duplex.
- Income‑generating property with good rent history (averaging $850/month per side).
- Platted for future build, offering expansion potential.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $18.2k | $11.40 |
| − Vacancy | −$1.0k | −$0.63 |
| EGI | $17.2k | $10.77 |
| − OpEx | −$5.2k | −$3.23 |
| NOI | $12.1k | $7.54 |
1,600 SF · lease $11.40/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$172.4K
$150.8K – $201.1K
NOI $12,066 @ 7.0% cap · market cap 8.32%
Second Best
Apartment 5plus
$160.5K
$140.5K – $187.3K
NOI $11,236 @ 7.0% cap · market cap 7.75%
Theoretical Best
Self Storage
$180.5K
$157.9K – $210.6K
NOI $12,634 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Two-unit duplex with highway access and future build potential.
Where is this duplex located?
The property is located at 837/839 SE 14th ST Topeka, KS.
What is the asking price?
The asking price for this property is $145,000.
What are key features of this property?
This property features: Opportunity to own both sides of a duplex.; Income‑generating property with good rent history (averaging $850/month per side).; Platted for future build, offering expansion potential.
